3 Best Practices For Predictive Data Modeling Predictive modeling is used to develop models that use past occurrences as reference points for organizations to forecast future business-related events and make clever decisions. It is heavily involved in the strategy-making processes of companies in industries such as healthcare, law enforcement, pharmaceuticals and many more. The practices that can be used to make predictive data modeling error-free can be of great importance to everybody.
Predictive data modeling involves the creation, testing and validation of data models that will be used for predictive analysis in businesses. The lifecycle management of such models is a part…